Ecopetrol’s (NYSE:EC) new regional vice president Francy Ramírez Arroyave has taken her post and looks to strengthen the company’s regional presence and autonomy, while at the same time staying aligned with larger corporate objectives like growing overall production.
As the US approaches self-sufficiency, the need for Colombia oil imports diminishes somewhat. A concern but not yet a problem.
Carlos Eraso has officially taken the post of Vice Minister of Energy, following the ratification of María Isabel Ulloa as the Vice Minister of Mining a week ago, completing the Ministry of Mines and Energy (MinMinas) new structure under Tómas González.
Add biofuels refining to the list of problems that Ecopetrol (NYSE:EC) has racked up, with a planned plant facing a familiar trend of labor issues, overrun budgets, and delays.
The Biennial General Royalties System (SGR) budget for 2015-16 has been presented, contemplating CoP$18.27T (US$8.97B) for 2015-16 for investments and savings. While the amount has increased, it depends on meeting tough production goals, and has left producing regions feeling shortchanged.
After rising two weeks in a row, articles on fracking or unconventional hydrocarbons fell last week. Positive articles exactly balanced negative ones.
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